Breaking News

Health and beauty professionals trained to identify signs of abuse IMF Approves $510 Million to Stimulate Costa Rica’s Economy Watch Now: U23 Women’s XC Racing at the Mairiporã XC World Cup 2024 Mairiporã XC World Cup 2024: A Photo Epic by XCC Growing homeless encampment on East Lake Street putting strain on local businesses.

In recent news, Amazon has announced job cuts that will impact hundreds of employees at its cloud computing business. The company is shifting its strategy by focusing on physical stores, such as Amazon Fresh, which were launched in 2020. On Tuesday, Amazon said it would be removing its self-checkout system, Just Walk Out, from all its stores.

The job cuts will affect several hundred roles in sales, marketing, and global services, as well as a few hundred roles in its physical stores technology team. AWS spokesperson told the BBC that these decisions are difficult but necessary as the company continues to invest, hire and optimize resources to deliver innovation for its customers. However, Amazon also stated that it will continue to hire and grow especially in core areas of its business with thousands of jobs available and efforts to find internal opportunities for affected employees.

The cuts will take place at Amazon’s operations worldwide with most of the AWS roles based in Seattle. US-based employees affected by the job cuts will receive pay and benefits for at least 60 days, assistance in finding another job, access to transitional health benefits and eligibility for severance pay. As of the end of last year, Amazon had a total of more than 1.5 million full-time and part-time employees excluding contractors and temporary personnel.

In addition to this announcement, Amazon has been focusing on artificial intelligence (AI) through AWS including recent investments in safety and research start-up Anthropic. Other technology giants like Microsoft have also been investing in AI capabilities. According to US career consultancy Challenger Gray & Christmas tech sector cut 168,032 jobs in 2023 – a 73% increase compared to 2022.[

Leave a Reply